Materion Co. (NYSE:MTRN) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in Materion Co. (NYSE:MTRN - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,504 shares of the basic materials company's stock after acquiring an additional 4,076 shares during the period. ProShare Advisors LLC owned about 0.36% of Materion worth $7,466,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Summit Investment Advisors Inc. lifted its position in shares of Materion by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,154 shares of the basic materials company's stock worth $213,000 after purchasing an additional 137 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Materion by 1.8% during the fourth quarter. Synovus Financial Corp now owns 7,645 shares of the basic materials company's stock worth $756,000 after acquiring an additional 138 shares during the period. Dakota Wealth Management increased its stake in shares of Materion by 1.5% during the fourth quarter. Dakota Wealth Management now owns 10,910 shares of the basic materials company's stock worth $1,079,000 after acquiring an additional 165 shares during the period. Aurora Investment Counsel grew its position in Materion by 2.8% during the fourth quarter. Aurora Investment Counsel now owns 6,505 shares of the basic materials company's stock worth $643,000 after buying an additional 180 shares during the period. Finally, Stifel Financial Corp grew its position in Materion by 0.5% during the fourth quarter. Stifel Financial Corp now owns 35,873 shares of the basic materials company's stock worth $3,547,000 after buying an additional 193 shares during the period. Institutional investors and hedge funds own 93.56% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, KeyCorp reiterated a "sector weight" rating on shares of Materion in a research report on Wednesday, May 7th.

Materion Trading Down 4.7%

Shares of MTRN traded down $3.77 on Wednesday, hitting $76.62. 136,087 shares of the stock traded hands, compared to its average volume of 106,761. The company has a quick ratio of 1.26, a current ratio of 3.19 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.59 billion, a P/E ratio of 264.19 and a beta of 0.85. The stock's 50 day moving average is $80.26 and its two-hundred day moving average is $95.01. Materion Co. has a 1 year low of $69.10 and a 1 year high of $123.21.

Materion (NYSE:MTRN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.01. The company had revenue of $420.33 million for the quarter, compared to the consensus estimate of $396.83 million. Materion had a net margin of 0.35% and a return on equity of 12.42%. Materion's revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. As a group, sell-side analysts predict that Materion Co. will post 5.5 earnings per share for the current year.

Materion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 29th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. This is a positive change from Materion's previous quarterly dividend of $0.14. Materion's dividend payout ratio is presently 112.00%.

Insider Transactions at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $80.45, for a total transaction of $160,900.00. Following the completion of the sale, the vice president now directly owns 13,376 shares of the company's stock, valued at approximately $1,076,099.20. This trade represents a 13.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company's stock.

Materion Company Profile

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.